Investors Pump $250M Into Reddit Following Social Media Site’s Role in GameStop Mania
The company plans to double its headcount to 1,400 by the end of 2021.
The large Arbitrum ecosystem was a factor in the decision as well as ease of use for developers, Reddit said.
The funding will be used to provide more tools for blockchain app developers and bring on new tech talent.
Bitcoin is holding up following a strong bounce from $30,000 support.
A Bloomberg article apparently inspired the ban’s reinstatement.
The U.S. House Committee on Financial Services hearing will investigate issues around the recent trading surge for shares of GameStop and other companies.